Shearman Gambles on Wall Street Rarity: Nonequity Partners

, The Am Law Daily

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Shearman & Sterling's move to expand its nonequity tier will likely increase the firm's profitability, at the least in the short term. But it also carries risks.

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  • Ed

    When you allow two partners in the same group to be married (after dating for a decade including which time the in-competent associated was promoted to partner) and then allow such associate-to-partner to impose a reign of terror on her colleagues, you can‘t but foresee something like this happening. Time to stop this nonsense and promote based on merit. Results follow actions. Still time to save the ship.

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